Facebook, Inc. (NASDAQ:FB) had its price target increased by equities research analysts at Cantor Fitzgerald to $220.00 in a report issued on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the social networking company’s stock. Cantor Fitzgerald’s price target indicates a potential upside of 22.18% from the company’s current price.

FB has been the topic of a number of other reports. Credit Suisse Group reissued a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Goldman Sachs Group, Inc. (The) set a $205.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Friday, October 20th. Robert W. Baird reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Facebook in a research report on Friday, September 1st. Wedbush set a $225.00 price objective on shares of Facebook and gave the stock a “buy” rating in a research report on Monday. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Facebook in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $192.33.

Facebook (NASDAQ:FB) last released its quarterly earnings results on Tuesday, October 31st. The social networking company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.31. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $9.84 billion. During the same period last year, the firm earned $1.09 earnings per share. The firm’s revenue was up 47.3% on a year-over-year basis.

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In related news, Director Jan Koum sold 2,600,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $180.09, for a total value of $468,234,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael Todd Schroepfer sold 37,963 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $171.98, for a total value of $6,528,876.74. Following the completion of the transaction, the insider now owns 882,427 shares in the company, valued at approximately $151,759,795.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,306,683 shares of company stock valued at $1,441,300,245. 19.08% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Facebook during the fourth quarter valued at approximately $2,046,500,000. Janus Henderson Group PLC grew its holdings in shares of Facebook by 283.6% during the second quarter. Janus Henderson Group PLC now owns 11,888,149 shares of the social networking company’s stock valued at $1,794,857,000 after purchasing an additional 8,788,743 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Facebook by 3.3% during the second quarter. Vanguard Group Inc. now owns 162,530,760 shares of the social networking company’s stock valued at $24,538,895,000 after purchasing an additional 5,151,190 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Facebook by 3.0% during the second quarter. BlackRock Inc. now owns 138,877,313 shares of the social networking company’s stock valued at $20,967,696,000 after purchasing an additional 4,032,727 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in shares of Facebook by 997.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 4,018,514 shares of the social networking company’s stock valued at $462,727,000 after purchasing an additional 3,652,302 shares during the last quarter. Hedge funds and other institutional investors own 57.27% of the company’s stock.

About Facebook

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

The Fly

Analyst Recommendations for Facebook (NASDAQ:FB)

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